Industries

It faces a potential $4.6 billion in additional taxes owed after an accounting change, although it is contesting the matter with the Internal Revenue Service.

Eliminating federal incentives threatens to upend the U.S. energy industry by hampering the rollout of wind and solar.

CPAs play a crucial role in helping property owners maximize their profits through advanced tax strategies.

The president's signature tax law allows a long-standing business deduction for the cost of food provided to employees to expire.

The sweeping $3.4 trillion fiscal package is already creating opportunities for segments of the energy and climate industries that had fallen out of favor.

Solar and wind projects that already had been pared back by Trump's $3.4 trillion budget bill designed to end green energy incentives.

The Senate's passage of legislation to eliminate incentives for clean energy means homeowners likely have until the end of the year before costs soar.

Voting 6-3, the justices rejected contentions that Congress unconstitutionally handed off its taxing powers.

Republican leaders are pressing to begin voting on the tax bill in the Senate at the end of next week.

The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating taxable income.